Middle East

UASC exercises options for six more ships

Dubai: United Arab Shipping Company (UASC) has signed for options of six additional 14,000 teu vessels bringing its total order to 16 ships. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC’s history, worth over $2bn including all options. 

The 14,000 TEU and 18,000 teu newbuildings included in the overall order are scheduled for delivery from late 2014 and from the first half of 2015, respectively.  [03/02/14]

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